Acquisitions (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price was allocated to the assets acquired and liabilities assumed as follows (in thousands except share data):



Common shares issued (32,667,327 at $5.78)	$	188,817
Cash	8,530
Transaction advisory fees and other acquisition costs	3,898
Total purchase price	201,245
Liabilities assumed:
Accounts payable and accrued liabilities	2,737
Deferred income taxes	103,089
Total liabilities assumed	105,826
Total consideration	$	307,071



Assets acquired:
Cash	$	118
Receivables and other current assets	1,685
Property, plant, and equipment	215
Mining properties, net	305,053
Total assets acquired	$	307,071

The following summarizes the allocation of purchase price to the fair value of assets acquired and liabilities assumed at the date of acquisition (in thousands):



Cash	$	99,840
Liabilities assumed:
Accounts payable and accrued liabilities	5,494
Reclamation	18,270
Deferred income taxes	9,680
Other non-current liabilities	3,750
Total liabilities assumed	37,194
Total consideration	$	137,034



Assets acquired:
Cash	$	982
Receivables	3,061
Inventory	2,147
Ore on leach pads	12,710
Other current assets	2,924
Property, plant, and equipment	30,055
Mining properties, net	81,189
Other non-current assets	3,966
Total assets acquired	$	137,034

Business Acquisition, Pro Forma Information

The following table presents the unaudited pro forma summary of the Company’s Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2015 and 2014, as if the acquisition had occurred on January 1, 2015. The following unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations as they would have been had the transaction occurred on the assumed date, nor is it necessarily an indication of trends in future results for a number of reasons, including, but not limited to, differences between the assumptions used to prepare the pro forma information, potential synergies, and cost savings from operating efficiencies.



	Three months ended June 30,						Six months ended June 30,
In thousands	2015			2014			2015			2014
Revenue	$	166,263		$	186,104		$	337,219		$	365,021
Income (loss) before income and mining taxes	(16,937		)	(33,391		)	(50,209		)	(70,065		)
Net income (loss)	(16,677		)	(35,980		)	(50,017		)	(67,937		)